Are You Insured When You Rent a Car in Milwaukee?Are you insured when you rent a car
in Milwaukee? This question comes up all the time with new car buyers, so let's look at the answer and see how it applies to you.
You can be assured that you are insured when you rent a car in Milwaukee
because it is mandated by law. If you are not, you should be immediately let know. You are also subject to a potential penalty for non-insurance.
Insurance for renting a car in Milwaukee is very simple. Basically, your auto insurance policy is the same as for ownership. The only difference is that instead of paying for the car through the auto loan, you rent it and pay the insurance.
Usually, you will have to pay a portion of the rent every month to cover the expense of the rental policy. This amount can be as little as five dollars or as much as fifty, depending on how much you own and what the total cost of renting the car is.Sometimes the coverage is so extensive that it includes everything you own including your personal items, valuables, and any other type of insurance.
So this means that your deductible can be as low as the value of your items and still be covered.
Generally, a car insurance policy is no different than an automobile insurance policy except that you are not responsible for any repairs if the car is damaged by damage caused by you or by another person in your care. So it is important to pay attention to the rental car policy.
Having the right coverage is important. If you are not covered in your area, you could be held financially responsible for damages you cause when renting a car.
With the proper coverage, that never happens.
When you go to rent a car in Milwaukee, you should always ask about rental car insurance and what it covers. You will need this information when you go to renew your insurance policy at the end of your rental period.
Not all renters insurance policies are the same. Some companies offer limited coverage, while others cover the liability of bodily injury or property damage, even though you did not cause the damage.
Find out what the maximum limits are on your rentals insurance policy. If you do not know what those are, make sure that you contact your agent to find out.If you and the renter were at fault in an accident occurs, you may have a claim for accident-related injuries or for property damage.
Make sure that you understand the details of what coverage you will need, and also find out what a judgment specialist will do if you are injured.
If you don't think that you need full coverage for damages to your rented car or to the rental company, rent a car and go ahead and park it. You'll be glad you did.